Inyova Grow review 2026: interest, costs and risks tested

What is Inyova Grow and how does it work?

Inyova Grow has been on the market since April 2024 and adds a fixed-interest investment to Inyova Invest, Inyova’s equity offering. With Inyova Grow you buy bonds: you lend money to a project company, which pays you a fixed rate of interest in return and repays the amount at the end of the term. The money goes into individual sustainable projects, such as heat pumps and solar installations in Switzerland or battery storage in Germany.

At first glance, Inyova Grow resembles crowdinvesting, because many investors finance a project together. However, you don’t get a stake in a company, but a bond with a fixed interest rate and a fixed term. In addition, Inyova’s Investment Office reviews every project before it appears in the app.

Legally, Inyova Grow is based on an asset management agreement with Inyova AG. The projects are not a public offering: before each investment, Inyova checks whether a project fits your risk profile and investment goals, and only then invests.

Example: CHF 2'000 in an Inyova Grow project

This is how an Inyova Grow investment works, using the example of a project paying 7 % interest a year:

The example assumes that the issuer makes all payments. If it gets into difficulty, interest and repayment may be lost in whole or in part (see risks).

Current Inyova Grow projects and interest rates

In October 2026, these projects are open for investment in the Inyova app, all in renewable energy. The table shows the annual interest before deducting the 0.95 % fee. The offering changes constantly: new projects are added, fully funded ones close. The volume per project is limited, and popular projects are often fully subscribed quickly.

In October 2026, the advertised maximum rate of 8 % is offered by the AustriaEnergy Chile Green Bond. After fees, 7.05 % remains.

Project in focus: enshift CHF Bond 2026/2031

The enshift CHF Bond 2026/2031 is the first Inyova Grow project from Switzerland. The enshift group, based in Baar, fits commercial, industrial and multi-family buildings with heat pumps, solar installations and battery storage, replacing fossil-fuel heating. It plans, finances, builds and operates the installations as a one-stop shop.

How sustainable is Inyova Grow?

Inyova Grow is one of the most direct ways to invest sustainably. Your money goes into a specific renewable energy project, such as a solar park or heat pumps that replace fossil-fuel heating.

What is impact investing?

Impact investing means investing money so that, alongside a return, it achieves a measurable positive effect on the environment or society. What matters is that this effect would not have occurred, or only later, without the investment. With Inyova Grow, the link is direct: the issuer uses investors’ money to finance specific installations. Before a project appears in the app, Inyova’s own impact team checks whether its effect can be backed by verifiable data. For each project, the Inyova app describes the exact positive impact.

Inyova Grow or a sustainable ETF?

Sustainable ETFs and Inyova Grow pursue a similar goal but work very differently:

Why are oil and gas companies in sustainable funds?

Many sustainable indices select the companies with the best sustainability ratings in each sector. This means an oil company can be included if it performs better than its competitors. According to an analysis by Goldman Sachs, around half of the funds marketed in the EU with sustainability features held at least one oil or gas company in 2023. For funds subject to the strictest EU requirements, this is much rarer. A study by rating agency Inrate on behalf of Greenpeace concluded in 2021 that sustainability funds direct hardly any more money into a sustainable economy than conventional funds.

Sustainable ETFs still have their place: they are broadly diversified, cheap and tradable every day. If you want your money to have a targeted effect, Inyova Grow brings you closer to the project, but in return you bear the risk of individual issuers and tie up your money until the end of the term.

Fees: what does Inyova Grow cost?

Inyova Grow costs 0.95 % a year on the invested capital. Inyova deducts the all-in fee directly from the interest. Uninvested money in your Inyova Grow account is free of charge.

What the fee includes

• Account and custody at Saxo Bank (Switzerland) Ltd
• all transaction, custody and currency costs
• project review by Inyova (financials and impact)
• reporting in the app and customer support
• annual tax statement for your tax return

Worked example: CHF 10'000 in a Swiss franc project

Is Inyova Grow safe? An overview of the risks

Inyova Grow is not a bank deposit but a high-risk investment. The fixed interest is only as safe as the project company that pays it. So only invest money you could afford to lose in the worst case.

The risks at a glance

How does Inyova review the projects?

Before Inyova accepts it, every project goes through a two-stage review that usually takes several weeks. Only projects that pass both stages make it into the app.

1. Financial review by the Investment Office: first, the team checks whether the sector is viable in the long term and whether the interest adequately compensates for the risk. This is followed by an in-depth analysis of the business model, financial ratios, capital structure, repayment terms and investor protection.
2. Impact review by a dedicated team: it assesses what the project contributes to the environment and society and whether its effect can be backed by verifiable data.

A project is rejected, for example, if the sector is not stable enough, the management is not convincing, the interest does not sufficiently compensate for the risk or the company is not yet mature enough.

The project partners have different levels of experience. SUNfarming has been building solar parks for over 20 years, and AustriaEnergy has been developing wind and solar parks since 2006. enshift and Renergo are younger.

The review is a filter, not a guarantee. You decide for yourself whether a project suits your assets.

Source: Inyova, «How Inyova Grow selects its projects» (February 2026), websites of SUNfarming and AustriaEnergy. As of 30.10.2026.

What happens if a project defaults?

The bonds are issued by individual, often smaller project companies and are usually unsecured. One exception is the AustriaEnergy Chile Green Bond, which is secured according to the app. If an issuer defaults, interest may not be paid and, in the worst case, the entire amount may be lost. According to Inyova, there were no project defaults or late payments up to October 2026. However, Inyova Grow has only existed since April 2024, so the track record is still short.

What happens if Inyova goes bankrupt?

According to Inyova, the bonds are held in your own account at Saxo Bank (Switzerland) Ltd. Securities in custody are segregated assets and do not become part of the bankruptcy estate if Inyova or the bank goes bankrupt. Cash in the account is protected up to CHF 100'000 by the esisuisse deposit protection scheme. This does not affect the risk of the individual projects.

Project risks: the example of enshift

For each project, Inyova lists the specific risks in the app. For the enshift CHF Bond 2026/2031, these include:

• Construction and procurement risk: part of the money goes into projects that are still being planned or built. Delays, higher costs or supply shortages of solar modules and heat pumps can reduce income.
• Market and regulatory risk: the business depends on rules on replacing heating systems, subsidy programmes for heat pumps, rules for self-consumption communities (ZEV, vZEV) and electricity and heating prices.
• IT and operational risk: enshift plans and controls the installations using its own software. Outages, data loss or cyberattacks can disrupt operations.
• Issuer risk: if enshift green energy 2 AG gets into difficulty, interest and capital can be lost in whole or in part.

Inyova: who is behind Inyova Grow?

Inyova Grow is run by Inyova AG, based at Limmatstrasse 123 in Zurich. The fintech was founded in 2017 under the name Yova and has been called Inyova since 2021. It offers impact investing: an equity portfolio with Inyova Invest, a pension solution with Inyova’s pillar 3a and interest-bearing investments in projects with Inyova Grow. Inyova is an asset manager: it invests its clients’ money under a contract and needs a licence from the Swiss Financial Market Supervisory Authority FINMA to do so, which it received in 2024. Inyova is on FINMA’s list of authorised asset managers and is supervised on an ongoing basis by the supervisory organisation OSFINcontrol AG.

Since 2024, the Basel pension fund Abendrot has held around 10 % of Inyova. Inyova itself is not a bank: its clients’ accounts and custody accounts are held by Saxo Bank (Switzerland) Ltd. According to Inyova, more than 2'000 investors have put over CHF 30 million into Inyova Grow projects. In 2026 alone, more than CHF 1.2 million in interest has been paid out so far (as of October 2026).

Who is Inyova Grow suitable for?

Inyova Grow suits investors who want to invest part of their assets directly and at a fixed rate in sustainable projects rather than in shares or funds, and who don’t need the money before the end of the term. Inyova Grow is not suitable for an emergency fund or short-term goals.

CHF 200 cashback with the Evaluno code

With the code EVALUNOGROW you get CHF 200 cashback when you invest a total of at least CHF 2'000 in Inyova Grow projects by 31.12.2026, including spread across several projects. The amount is fixed, no matter how much you invest. The smaller the investment, the larger the additional return.

What the CHF 200 cashback is worth

Inyova credits the cashback to your Inyova Grow account no later than 30 business days after you have invested a total of CHF 2'000. You can invest it in further projects or transfer it to your bank account. The offer applies to everyone investing in Inyova Grow for the first time, even if they already use Inyova Invest, Kids or 3a. Ongoing offers on individual projects come on top. In the worked example with CHF 10'000, the interest over 5 years rises from CHF 3'275 to CHF 3'475. You’ll find all conditions on the Inyova Grow promo code page.

Opening an Inyova Grow account: step by step

Opening an account is completely digital and takes around 20 minutes up to the signed contracts. You can sign up in the app or in your browser at app.inyova.ch, but you can only invest in projects in the app. You need to live in Switzerland, be at least 18 years old and have a valid ID document. If you’re already an Inyova customer, log in to the app and open Inyova Grow from the home screen.

Saxo Bank then opens the account. According to Inyova, this takes 2 to 5 working days. For Evaluno, the account was already open after one business day in October 2026. The confirmation arrives by email. The first deposit by bank transfer was visible in the Inyova app after another business day.

How to invest in Inyova Grow projects

You use Inyova Grow in the Inyova app for iOS and Android. Unlike Inyova Invest or Inyova’s pillar 3a, there is no web version for it. In the app stores, the app is called «Inyova Impact Investing».

Choosing projects

Under «Green projects», the app shows all projects with interest rate, term and status, which you can filter by «New», «Investable» or «Active». The detail page shows a project’s key figures at a glance: interest rate, interest payments, term, minimum investment and currency. Further down are the deadline, total amount, investment type, sector, location and issuer, plus the «Details», «Risks», «Opportunities» and «Impact» tabs. With «Select project», you add a project to your selection.

Reporting and interest payments

Under «Report», the app shows an overview of your account: the balance, the «portfolio composition» between green projects and cash, your risk profile and the fees. Under «Expected cash flow», you see the expected coupon payments (interest), principal repayments and Inyova fees, either for the next five quarters or the next five years.

Inyova Grow and taxes

In Switzerland, interest from Inyova Grow is taxable as income, and the value of the bonds counts as wealth. At the start of each year, Inyova provides you with a tax statement that you can attach to your tax return or upload to your canton’s online tax return. The tax statement is included in the 0.95 % fee.

For issuers based in Switzerland, such as enshift green energy 2 AG, 35 % withholding tax is usually deducted from the interest, which you reclaim through your tax return. For issuers abroad, there is no Swiss withholding tax, but foreign withholding tax may apply. For projects in foreign currency, interest and asset value are converted into Swiss francs for the tax return.

Inyova Invest and Inyova Grow: the difference

Verdict: our Inyova Grow review

As of October 2026, Inyova Grow is one of the few ways in Switzerland to invest directly and at a fixed rate in individual renewable energy projects, usually from just CHF 1'000. Depending on the project, around 4 to 7 % interest a year usually remains after fees, much more than on a savings account. In return, you bear the risk of individual, mostly small issuers, can’t sell before repayment and have a currency risk with projects in foreign currency. In our own test, the account and the first deposit were each ready after one business day, and the app guides you clearly through account opening and investing. Inyova Grow makes sense as a small, deliberately chosen part of your assets, not as a replacement for a savings account or a broadly diversified ETF portfolio.